The New York Knicks expect to sign restricted free agent David Lee to a one-year contract at some point after Labor Day, an official familiar with the talks said Friday.

Knicks president Donnie Walsh told that he doesn't think a Lee sign-and-trade is possible. Even though the Knicks like Lee, Walsh said he is not interested in signing the forward to a long-term contract at this point; he wants to maintain as much payroll flexibility for next summer, when LeBron James, Chris Bosh and other prominent players will be free agents.

No sign-and-trades have materialized at this point, and Walsh doesn't expect any. There is also a good chance that guard Nate Robinson will return to the Knicks on a one-year deal as well, Walsh said.

He's most likely gone after next season, but RIGHT NOW, more talent certainly doesn't hurt.

I think Amare and Bosh will end up with either Wade or LeBron.I think its gonna be the a crazy summer and teams are gonna come out of it either loaded or horrible.I h8 doin this but hypothetically imagine